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If You Require an EBP Audit, Changes Are Coming

If your company’s employee benefit plan (EBP) is required to have an annual audit performed under ERISA, particularly if you have a limited scope audit, please note that your audit

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Are You Taxed As a Partnership? Matters for You to Consider

For our clients and friends operating as business entities taxed as partnerships, we want to bring a few matters for your attention, including: IRS launches large partnership audits, Periodic reviews

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IRS Program for Auditing Large Partnerships to Begin Soon

Last month the IRS released a revised Publication 5319, the Large Business and International (LB&I) Focus Guide for fiscal year 2022. In recent editions of Beyond the Bottom Line, we

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The Importance of Retaining Tax Records

By: Cooper Melvin, J.D. We discussed in a recent Beyond the Bottom Line that the Biden administration’s tax plans include significant funding increases for the IRS. Therefore, in the coming

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Expectation of Increasing IRS Audits in the Future

Our experience at BMSS over the last three to four years is that we have seen fewer examinations of taxpayers than we did in the years prior to that period.

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BMSS Presents: A Government Contractor’s Guide to Indirect Rates – Part 2

In the second part of this 2-part webinar, we will continue our discussion into the basics of Indirect Costs. If you missed the first part, you can watch a recording

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13th Annual Credit Union Roundtable

Credit unions are part of a highly regulated and constantly changing industry. How do you keep up with all of the developments? Join our Credit Union professionals as they provide

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EBP Audits – Does Your Plan Require an Audit? If So, How Can You Prepare?

Written by Ashley Caldwell, CPA A retirement plan is a great benefit to provide for your employees in a world where there is much uncertainty surrounding Social Security. According to

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The New IRS Partnership Audit Rules – Significant Changes on the Horizon Require Attention

  Written by Steven N. Smith, CPA, JD The Bipartisan Budget Act of 2015, enacted on November 2, 2015, includes significant changes in IRS rules regarding the tax examinations of

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